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The Romanian leu extended gains against the euro Friday, and the central bank’s reference rate gained 0.34% at 4.0881 units, the strongest in almost one year. read more...


IMF directory meets on Friday, March 25th to debate Romania’s request for a new precautionary agreement with the international institution worth 3.6 billion euro, the IMF informs. read more...


A 4-lei euro, a level that seemed unimaginable as early as at the beginning of this year, when one euro was still close to the 4.3-lei mark, is already considered by all analysts after the euro depreciation against the leu sped up this week. read more...


BCR last year persuaded large companies of almost all industries to start working with the largest bank on the market with one or more products and services, and the success rests with the new team that has been forged in recent years in the corporate banking unit, states Wolfgang Schoiswohl, executive vice-president with BCR, in charge of large companies and SMEs. read more...


Romania received on Thursday the fourth installment worth 1.2 billion euro of the EC loan, Romanian news agency Mediafax reads. read more...


Romanians increased their bank deposits by one billion lei in February alone, which shows they still prefer to postpone acquisition plans and save the money instead. read more...


February came with another unpleasant surprise, with private lending continuing to decline, showing that bankers are still unable to sell enough loans to cover repayments, despite many players announcing growth plans for this year. read more...


The Senate decided on Wednesday to maintain the law regulating the VAT at 5% for basic food products after it rejected the reexamination request formulated by President Basescu. The request was also rejected by the Budget Committee of the Senate that issued a rejection report, accepted with 53 votes for and 46 votes against. read more...


The Libyan conflict and the disaster in Japan did not modify consistently the new agreement Romania will sign with the IMF, Romanian representative to the IMF Mihai Tanasescu declared for HotNews.ro. The effects of these events will be marginal to the Romanian economy, he said. read more...


Around 20,000 companies with financial difficulties will be able to reschedule their tax payment obligations over a period of up to five years. The Government adopted an emergency ordinance on Sunday that regulates the rescheduling of payment obligations, over a period of a maximum of five years, for companies with financial problems, conditional on setting up guarantees and on paying day-to-day debts, the instalments and the interests due over the rescheduling period. read more...




The leasing industry has seen a significant increase in fraud cases on the auto segment lately, with many companies discovering that many cars had "simply vanished" and starting to look for them across Europe with the help of the Police, says Antoaneta Curteanu, CEO of UniCredit Leasing, the biggest leasing company in Romania. read more...


The flat tax and VAT will be maintained this year at their current levels and certain changes could be analyzed only for the future, Romanian PM Emil Boc declared on Monday answering a question related to the intentions of the government to cut flat tax, Romanian news agency Mediafax informs. read more...


The Executive Board of the International Monetary Fund will discuss on March 25 the final review of the EUR13 billion stand-by loan for Romania and the terms of a new agreement with the Eastern European country. read more...


Romania’s leu kept part of its early gains against the euro in mid trade Friday and the central bank’s reference firmed to a new nine and a half months high at 4.1683 units, from 4.1788 units in the previous day. read more...


BRD, the second-largest bank on the Romanian market by assets has around 4 million euros in guarantees left for loans granted through the "First Home" scheme and estimates the cap allocated for this year will run out by the end of March. read more...


Refinancing clients with ongoing loans is this year's "pie" that all banks with growth ambitions on the retail segment want a piece of, with adverts suggesting that savings of as much as 70% can be made on the monthly instalment. read more...


The nine major foreign banks that control 70% of the domestic market, Erste Group, Societe Generale, Raiffeisen Group, UniCredit Group, Eurobank EFG, National Bank of Greece, Alpha Bank, Volksbank International and Piraeus, no longer have the obligation of maintaining a certain level of exposure on the domestic market, once the agreement reached in Vienna two years ago in parallel with the stand-by agreement signed by Romania with the IMF expires. read more...


The Romanian Government on Thursday approved the norms concerning the application of the normative act on checking high wealth individuals, said Government spokeswoman Ioana Muntean. read more...


Romania’s leu recovered early losses against the euro in mid trade Thursday and the central bank’s reference firmed to a new nine and a half months high at 4.1788 units. read more...


With a new management team, Turkish Credit Europe also changes strategy, with the focus now on medium-sized companies instead of retail, while alternative channels will make up for new offices. read more...



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